Renaissance Technologies LLC Has $41.01 Million Position in Liberty Broadband Corp Series C (LBRDK)

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Renaissance Technologies LLC boosted its stake in Liberty Broadband Corp Series C (NASDAQ:LBRDK) by 132.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 541,600 shares of the company’s stock after buying an additional 308,200 shares during the quarter. Renaissance Technologies LLC’s holdings in Liberty Broadband Corp Series C were worth $41,010,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LBRDK. Massey Quick Simon & CO. LLC purchased a new stake in shares of Liberty Broadband Corp Series C during the 2nd quarter valued at $136,000. Blair William & Co. IL purchased a new stake in shares of Liberty Broadband Corp Series C during the 1st quarter valued at $180,000. Bank of Montreal Can increased its position in shares of Liberty Broadband Corp Series C by 66.7% during the 2nd quarter. Bank of Montreal Can now owns 2,999 shares of the company’s stock valued at $226,000 after purchasing an additional 1,200 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Liberty Broadband Corp Series C during the 1st quarter valued at $267,000. Finally, LVW Advisors LLC purchased a new stake in shares of Liberty Broadband Corp Series C during the 2nd quarter valued at $272,000. 57.54% of the stock is owned by institutional investors and hedge funds.

LBRDK stock opened at $82.47 on Friday. The company has a quick ratio of 8.49, a current ratio of 8.49 and a debt-to-equity ratio of 0.05. The firm has a market cap of $14.69 billion, a PE ratio of 810.10 and a beta of 1.37. Liberty Broadband Corp Series C has a fifty-two week low of $68.33 and a fifty-two week high of $99.98.

Liberty Broadband Corp Series C (NASDAQ:LBRDK) last posted its quarterly earnings results on Wednesday, August 8th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.24). Liberty Broadband Corp Series C had a return on equity of 20.47% and a net margin of 9,284.89%. equities analysts forecast that Liberty Broadband Corp Series C will post 0.9 EPS for the current year.

Separately, Zacks Investment Research raised Liberty Broadband Corp Series C from a “strong sell” rating to a “strong-buy” rating and set a $80.00 target price for the company in a research report on Wednesday, June 6th.

Liberty Broadband Corp Series C Profile

Liberty Broadband Corporation, a cable operator, provides video, Internet, and voice services to residential and commercial customers in the United States. It operates through Skyhook and Charter segments. The Skyhook segment offers Precision Location Solution, a location determination service for mobile device makers, wireless carriers, and asset tracking platforms to understanding the precise geographic location and movement of mobile devices; enhancing the location determination capabilities of a hybrid location system.

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Institutional Ownership by Quarter for Liberty Broadband Corp Series C (NASDAQ:LBRDK)

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